Profits Are Out of Stock at Amazon

Even a company known for its lack of profitability apparently can be too unprofitable.

Amazon.com said Thursday that its second-quarter sales climbed 23% to $19.34 billion, roughly in line with estimates. But its net loss of 27 cents a share was considerably greater than the 16 cents analysts had forecast. The e-commerce giant also said its operating loss for the third quarter would be between $810 million and $410 million, far...